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Ten years since taper tantrum

If the exogenous pressures were the same across 2013 and 2022, why were outcomes so different across the two episodes?

Reserve Bank of India Governor Shaktikanta Das
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Reserve Bank of India Governor Shaktikanta Das. Since 2013, the RBI has used every opportunity to accumulate foreign exchange reserves and build up a war-chest

Sajjid Chinoy
11 min read Last Updated : Sep 15 2023 | 10:16 PM IST
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During the Taper Tantrum of 2013, India’s macro stability came under significant pressure. Last year, in contrast, India’s macro stability was unscathed despite the most aggressive global monetary tightening in
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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Topics : Reserve Bank of India Inflation RBI Financial markets

First Published: Sep 15 2023 | 10:09 PM IST

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